MMM Corporation has the following data Outstanding shares of common stock 1000 thousand Target capital structure Debt 70% Equity 30% Projected net income [P(NI)] 5000 thousands The projected investments for next year 6000 thousands Assume the residual distribution model is used with respect to dividends. Find dividend per share?(DPS) [$1, $3] [$3, $4] [$4, $5] more than $5
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